Instant AML and KYC compliance solution for Cape Verde
Country Overview
Country Overview
As a member state of the Intergovernmental Action Group against Money Laundering in West Africa (GIABA), Cape Verde is affiliated with the Financial Action Task Force (FATF). The country has implemented KYC/AML regulations in line with international standards.
Regulatory Overview
Regulatory Overview
KYC/AML regulations
AML/KYC regulations in Cape Verde are enforced by a number of regulators including the
- Banco de Cabo Verde(BCV)
- Securities Exchange Commission (SEC)
- Unidade de Informação Financeira (UIF)
The primary legislation governing KYC/AML in Cape Verde Is Law No. 17/VI/2002
Partner with Smile ID to ensure your business stays compliant with AML/KYC regulations in Cape Verd.
Data protection regulations
The National Commission for Data Protection (CNPD) enforces Cape Verde’s data protection laws via the Cape Verde National Commission of Data Protection (NCDP).
Institutions are required to obtain users’ consent before processing and transferring personal data. Users are entitled to the erasure of their personal data upon request.
Accurately verify and onboard users in Cape Verd
Expand your business in Cape Verd with Smile ID. We help rapidly growing businesses maintain compliance, prevent fraud, and streamline their user verification processes effortlessly. Confidently verify Cape Verdean users and prevent fraud for seamless onboarding:
Verify up to 5 ID types, including National ID, Voter ID, Driver’s License, Passports, Travel Documents, and more.
De-biased models ensure 99.8% accuracy across all African skin tones.
Image capture SDKs optimised for low bandwidth and compatible with all software versions as old as Android 5.0.
Conduct global AML Checks against over 1100 global sanctions, PEPs, and adverse media watchlists.
Enjoy enterprise-level security with ISO 27001 and SOC 2 Type 1 & 2 certifications.
Seamlessly verify up to 5 ID types in Cape Verd
We empower businesses with the flexibility to verify their user identity using any of the following ID documents. All we need is a document photo and a selfie.
Cape Verdean National Identity Cards
Cape Verdean National Identity Cards are official documents that verify the identity and citizenship of individuals. These cards come in various forms, such as National IDs, Consular IDs, and Diplomat IDs. They are essential for accessing government services, voting, and conducting legal transactions.
Cape Verdean Driver License
The Cape Verdean Driver License is issued to individuals who meet the legal requirements for operating motor vehicles. This license serves as proof of the holder's driving capabilities and is necessary for legally driving on Cape Verdean roads.
Cape Verdean Passport
The Cape Verdean Passport is an essential travel document that allows Cape Verdean citizens to travel internationally. It acts as proof of identity and nationality and is required for crossing borders and gaining entry into other countries.
Cape Verdean Resident ID
Cape Verdean Resident IDs, including residency permits and residency cards, are issued to foreign nationals residing in Cape Verde. These documents verify the legal status and residence of individuals, allowing them to stay and work in the country legally.
Verify Cape Verd Users using ID documents
Verifying users with ID documents and biometric face matching is one of the most reliable ways to determine a user's true identity. Our ID document verification solution checks that an ID document is authentic, accurately transcribes the text on the document and compares a user-submitted selfie to the document image.
Transcribes document text with 96% accuracy
Checks for accurate format
Identifies tampered and forged documents
Verifies security features
Scan your document
Our image capture tools guide users to take clear photos even with older devices.
Smile for a selfie
Ensure the real user is behind the camera with a smile to test for liveness.
Get real-time results
In a few seconds, you will confirm the document is authentic and belongs to the user behind the camera.
Comprehensive Identity verification (KYC/AML) solution in one place
Smile ID provides multiple options to verify and onboard your customers:
Document Verification: Verify over 8500 documents across 220 countries globally (including Cape Verd) with 96% OCR accuracy.
Improve your security with advanced authentication solutions.
Smartselfie Authentication: Leverage 6 AI-powered anti-spoof models for liveliness checks, crucial for detecting fraud during logins and sensitive transactions. Achieving a remarkable 99.8% accuracy rate for African faces, our product ensures secure access to your system or service.
Integrate SmartSelfie Authentication into your multi-factor authentication system to accurately verify users' identities when they attempt to access your system or service.
Stop fraud in its tracks with Smile ID
AML Check: Screen users instantly against 1100+ global and African sanctions, PEP, and adverse media lists.
Duplicate Account: Prevent multiple account fraud with our Smile Secure product which scans previously registered faces in real-time during customer onboarding.
Integration options
Seamlessly integrate our solutions via API or no-code option with your existing infrastructure and automate your compliance. Available integration options include:
Smile Links: Flexible, no-code option for creating customised user verification flows
SDKs: iOs, Android, Hosted Web, Flutter, REACT Native
Server-to-server libraries: Ruby, Java, PHP, Python, node.js
Ready to get started?
We are equipped to help you level up your KYC/AML compliance stack. Our team is ready to understand your needs, answer questions, and set up your account.